50% off Encyclopedia of Information Science and Technology, Third Edition (10-Volumes)

This discipline-defining encyclopedia serves research needs in numerous fields that are affected by the rapid pace
and substantial impact of technological change and is a must have for every academic library collection.
Expires 12/31/2016.

Abstract

As the heart of the insurance business, the underwriting function has remained mostly unchanged for nearly 400 years when Lloyd’s of London was a place where ship owners would seek out men of wealth. The two would contractually agree to share the financial risk, in the unlucky event that the ship would be lost at sea (Gibb, 1972; Golding & King-Page, 1952).